Westchester’s IDA Approves Four Projects To Generate Jobs

Bill Mooney, Director of the Westchester County Office of Economic Development and Executive Director of the Westchester IDA; Tim Mulcahy of Lennar Multifamily Communities Division and County Executive Rob Astorino.
Photo Credit: Contributed

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WESTCHESTER COUNTY, N.Y. – Westchester’s Industrial Development Agency (IDA) has approved incentives to move forward four projects that total more than $496 million in private investment and will create over 3,100 construction jobs and 422 permanent jobs.

The developments are a major residential/retail complex in downtown White Plains, a biotech headquarters expansion in Tarrytown, an affordable housing project in Chappaqua and a new hotel in Dobbs Ferry.

“These job-creating projects will further strengthen the vitality of Westchester County’s economy,” said Astorino. “They will expand the county’s retail and hospitality sectors, enhance Westchester’s reputation as a center for biotech research and provide an array of new housing opportunities.”

Lennar Multifamily Communities is developing a $275 million residential and retail complex to be built in downtown White Plains. Lennar’s plan calls for demolishing the existing Westchester Pavilion retail complex at 60 South Broadway and constructing 95,600 square feet of retail space and 756,300 square feet of residential space. The project will create 2,895 construction jobs and 72 permanent jobs.

Regeneron Pharmaceuticals is upgrading and expanding its headquarters at the Landmark at Eastview in Tarrytown. The $196 million project includes $150 million for the expansion and $46 million for renovations of existing facilities. The project will create 300 permanent jobs over the next seven years with a significant growth plan adding both laboratory and office space.

Wilder Balter Partners of Elmsford is developing up to 32 units of affordable housing in the former headquarters of Reader’s Digest at Chappaqua Crossing in the Town of New Castle. The $10.9 million project will create 50 construction jobs. It will include a mix of one-, two- and three-bedroom apartments.

White Marsh Holding LLC is developing a 138-room Hilton Garden Inn to be built as part of the Rivertowns Square mixed-use retail development in Dobbs Ferry. The $17 million project, which is located just off the Saw Mill River Parkway at 35 Livingston Street, will create 200 construction jobs and 50 full-time permanent jobs upon completion. The project will support the overall improvements at Rivertowns Square, including $4 million of offsite traffic improvements and related work.